Skip to main navigation Skip to main content

Racing Queensland welcomes shareholder approval of Tabcorp-Tatts combination

13 December 2017

Share this page

Share on a platform

Or copy the page link

Racing Queensland has welcomed the overwhelming show of shareholder support for Tabcorp’s combination with Tatts Group.

More than 98% of shareholders yesterday voted in favour of the combination which will be  implemented on the 22nd of December.

RQ CEO Dr Eliot Forbes has previously welcomed the proposed combination saying it would deliver greater certainty for the Queensland Racing Industry.

“I look forward to working with Tabcorp to grow and enhance the Queensland racing industry. We have a deed of understanding with Tabcorp that will bring meaningful benefits to racing in Queensland.

“That deed will result in an increase in capital investment in the Queensland wagering business (currently UBET) across retail and on-course wagering facilities, as well as increased investment in technology, sponsorships and marketing.”

“It is the beginning of a new era for racing in Queensland. Yesterday I met with the new Minister for Racing, Stirling Hinchliffe and that was very positive and productive.

“The new Government has given a commitment to fully fund country racing and Racing Queensland has a strategic vision for racing that we believe will position all codes for growth and increased returns for all participants.

“I look forward to providing more details on these positive developments in the weeks and months ahead,” said Dr Forbes.